Russia’s oil producers may need to reduce output due to increased Ukrainian drone attacks damaging critical export and port infrastructure. Beijing has tightened oil product exports, with the third 2025 quota lower than expected, discouraging private refiners. IEA warns of steepening oil output declines, while China accuses the US of energy bullying. Ukraine strikes a major Russian refinery, and the EU delays the 19th Russia sanctions package. Oil prices edge higher amid concerns of supply disruptions in Russia. IEA warns of steepening oil output declines. China accuses US of energy bullying. India’s sanctioned refiner seeks state help. Ukraine strikes major Russian refinery. EU delays 19th Russia sanctions package. Mercuria plans to take a large amount of aluminum. Permian crude turns highly sulphurous. Mexico borrows money to pay back Pemex debt. Canada’s oil sands defy hostile takeovers. China needs fossil help to beat summer heat. Copper bulls hope for tariff normalization. Waha prices turn negative again. Iraq’s oil revival dives into phase two.

Read more at Yahoo Finance: Oil Inches Higher on Possible Supply Disruptions in Russia